X-Class solar flare could ignite chaos worldwide

A top Danish Saxo Bank has predicted that the X-Class solar flare will cause $2 trillion in damage worldwide, igniting chaos across the globe.

The bank, which is known for making ‘wild’ predictions and publishes them every December, is not meant to be taken seriously, however, in the context of the recent solar flares, could they be crying wolf?

Only last month, we reported that the British government agency - the UK Met Office- warned solar storms could produce massive blackouts due to the intense magnetic fields, destroying electronics and even setting them on fire.

storm watch for a G2-level solar storm has been issued by the National Oceanic and Atmospheric Administration (NOAA) - which is a moderate storm on the 5-level scale, with G5 being the highest, according to science alert.

We are now heading towards a solar minimum, the least active period of the Sun’s 11-year cycle, meaning there will be fewer sunspots, coronal mass ejection, and solar flare activity.

Back to the bank's 'outrageous' prediction:

“In 2019, as Solar Cycle 25 kicks into gear, the earth isn’t so lucky, and a solar storm strikes the Western hemisphere, taking down most satellites on the wrong side of the earth at the time and unleashing untold chaos on GPS-reliant air and surface travel/ logistics and electric power infrastructure,” it reads.